Orion180 Insurance Group (NASDAQ:OIG) Stock: Insider Craig Darling Purchases 1,000 Shares

Orion180 Insurance Group Inc. (NASDAQ:OIG) major shareholder Craig Darling bought 1,000 shares of the business’s stock in a transaction on Monday, September 21st. The shares were acquired at an average price of $11.62 per share, with a total value of $11,620.00. Following the completion of the purchase, the insider directly owned 5,704,200 shares of the company’s stock, valued at approximately $66,282,804. The trade was a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Craig Darling also recently made the following trade(s):

• On Tuesday, October 6th, Craig Darling bought 1,000 shares of Orion180 Insurance Group stock. The stock was acquired at an average cost of $8.92 per share, for a total transaction of $8,920.00.
• On Wednesday, September 23rd, Craig Darling purchased 1,900 shares of Orion180 Insurance Group stock. The stock was acquired at an average price of $10.08 per share, for a total transaction of $19,152.00.
• On Tuesday, September 22nd, Craig Darling purchased 6,990 shares of Orion180 Insurance Group stock. The stock was acquired at an average price of $10.72 per share, for a total transaction of $74,932.80.
• On Friday, September 18th, Craig Darling purchased 100 shares of Orion180 Insurance Group stock. The shares were acquired at an average cost of $11.72 per share, with a total value of $1,172.00.

Orion180 Insurance Group Price Performance

Orion180 Insurance Group stock opened at $9.26 on Wednesday. Orion180 Insurance Group Inc. has a 52 week low of $7.78 and a 52 week high of $12.06.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Royal Bank Of Canada assumed coverage on Orion180 Insurance Group in a research report on Tuesday, October 13th. They issued an “outperform” rating and a $15.00 target price on the stock. Wall Street Zen raised shares of Orion180 Insurance Group to a “hold” rating in a report on Saturday, September 26th. UBS Group assumed coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a “buy” rating and a $14.00 target price for the company. Zacks Research upgraded shares of Orion180 Insurance Group to a “hold” rating in a research note on Wednesday, October 14th. Finally, The Goldman Sachs Group assumed coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They set a “buy” rating and a $13.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Orion180 Insurance Group has a consensus rating of “Moderate Buy” and a consensus price target of $14.98.

Orion180 Insurance Group News Roundup

Here are the key news stories impacting Orion180 Insurance Group this week:

• Positive Sentiment: Major shareholder continues buying: Craig Darling acquired a combined 10,990 shares in several transactions at prices ranging from $8.92 to $11.72. Following the purchases, he owned approximately 5.7 million OIG shares. The buying may signal confidence in Orion180’s long-term prospects, though the additions represent only a small increase in his stake. Insider Craig Darling Purchases 1,000 Shares
• Positive Sentiment: Analyst sentiment remains constructive: Recent coverage includes Buy ratings from Deutsche Bank and Goldman Sachs, an Outperform rating from RBC, and Market Outperform ratings from Citigroup. The reported consensus target price of $14.98 is above recent trading levels, indicating potential upside if Orion180 executes on its growth strategy. Analyst ratings for Orion180
• Positive Sentiment: New headquarters opened: Orion180 inaugurated a 40,000-square-foot headquarters in Melbourne, Florida. The facility could support operational expansion and reinforce the company’s investment in its technology-driven homeowners and flood insurance platform, although the announcement does not provide new financial guidance. Orion180 Opens New Headquarters
• Neutral Sentiment: Short-interest data: Reported short interest was zero shares as of October 26, suggesting limited disclosed bearish positioning, but also leaving little potential for a short-squeeze catalyst.

Orion180 Insurance Group Company Profile

Orion180 Insurance Group, Inc is an insurance holding company focused on personal property and casualty insurance. Through its affiliated insurance carriers and distribution businesses, the company provides coverage designed primarily for homeowners and other residential property owners.

The company uses a technology-driven platform to support insurance quoting, underwriting, policy administration, claims management, and customer service. Its product offerings have included homeowners insurance and related personal-lines coverage, with an emphasis on serving customers in markets exposed to severe weather and other property risks.

Orion180 was founded in 2016 and is headquartered in Melbourne, Florida.